Latest news with #ListingQualificationsDepartment
Business Insider
16 hours ago
- Business
- Business Insider
CDT Environmental receives noncompliance letter from Nasdaq
CDT Environmental (CDTG) announced that it received a notification letter, dated June 18 from the Listing Qualifications Department of Nasdaq indicating that the company is no longer in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) as the company's closing bid price per ordinary share, par value $0.0025 per share, was below $1.00 for a period of 30 consecutive business days. The notification letter does not result in the immediate delisting of the company's securities. Confident Investing Starts Here:
Business Insider
12-06-2025
- Business
- Business Insider
Graphjet Technology Stock (GTI) Dives 35% as Delisting Looms
Graphjet Technology (GTI) stock dropped on Wednesday after the graphene and graphite raw materials company revealed a delisting warning from the Listing Qualifications Department of the Nasdaq. The exchange has determined that the company didn't provide a clear plan to fix compliance issues. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Graphjet Technology has failed to file its annual and quarterly reports for the periods ended Sept. 30, 2024, and Dec. 31, 2024. The Nasdaq's Listing Qualifications Department has determined it will suspend the company's shares when markets open on June 13 and will delist them from the exchange. Graphjet Technology has the right to request an appeal of this decision and intends to do so. This could extend the time it has before a possible delisting, but there's no guarantee that this will be the case. GTI Stock Movement Today down 35.33% in pre-market trading, extending a 90.35% drop year-to-date and a 98.5% fall over the past 12 months.
Business Insider
07-06-2025
- Business
- Business Insider
Captivision receives staff determination letter from Nasdaq
Captivision (CAPT) announced that on June 4, 2025, it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it had not regained compliance with the Market Value of Listed Securities Requirement by June 2, 2025. The Determination Letter has no immediate effect and will not immediately result in the suspension of trading or delisting of the company's securities. Additionally, on May 22, 2025, Staff notified the company that since it had not yet filed its Form 20-F for the period ended December 31, 2024, it no longer complied with Nasdaq Listing Rule 5250(c)(1). However, pursuant to Listing Rule 5810(c)(2), this deficiency serves as a separate and additional basis for delisting, and the company should also address this concern before a Hearings Panel if it appeals Staff's determination. Confident Investing Starts Here:
Business Insider
31-05-2025
- Business
- Business Insider
Wetouch receives Nasdaq non-compliance notification
Wetouch (WETH) Technology announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, dated May 27, 2025, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires timely filing of periodic reports with the U.S. Securities and Exchange Commission. The notification was issued because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025 and the company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This delay triggered the non-compliance notice under the continued listing requirements. In accordance with Nasdaq's procedures, the company has until June 20, 2025, to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the plan, Wetouch may be granted up to 180 calendar days from the original due date of the Form 10-K, or until October 13, 2025, to file the Form 10-K and Form 10-Q and thereby regain compliance. The company intends to file the Form 10-K and Form 10-Q as soon as practicable thereafter, and expects to regain compliance within the allowed timeframe. Confident Investing Starts Here:
Business Insider
31-05-2025
- Business
- Business Insider
9F Inc receives Nasdaq notification regarding late filing of Form 20-F
9F Inc (JFU). announced that it received a notification letter dated May 23, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market Inc., indicating that the company is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) since the company did not timely file its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The Notification Letter has no immediate effect on the listing of the company's American depositary shares on Nasdaq. Pursuant to the Nasdaq Listing Rules, the company has 60 calendar days from the date of the Notification Letter to submit a plan to regain compliance with Nasdaq Listing Rules. If Nasdaq accepts the Compliance Plan, it may grant the company an extension until November 11, 2025 to regain compliance. The company expects either to file its 2024 Form 20-F or submit the Compliance Plan within the prescribed 60-day period. Confident Investing Starts Here:
